We aim to investigate whether the current high housing price in Hong Kong contains a bubble and to identify the causes of such housing bubble if it exists by combining the generalised sup augmented Dickey–Fuller (GSADF) test and dynamic probit models. Empirical results indicate that the current Hong Kong housing market contains a bubble, and it’s the investors’ speculative demand and the increase of monetary supply that lead to the housing bubbles in Hong Kong. Moreover, speculative investors would prefer the mass markets to the luxury ones considering the outstanding performance of the former. Such preference would contribute to more bubbles in the mass markets than in the luxury ones. In view of these, Hong Kong Government should retrospect the linked exchange rate system and be alert to the impacts of the US monetary policies on Hong Kong residential market. To offset the housing bubble, a targeted and effective approach to the Hong Kong Government is to constrict the speculative demand from investors particularly in the mass markets.
With the rise of urban agglomerations, regional divergence of China’s real estate market has gradually intensified. City-specialized policies have become the main emphasis for promoting the healthy development of the regional real estate market. By adopting a gravity model, social net-work analysis, and impulse response analysis, this paper examines the spatial-temporal heterogeneity of housing prices’ association in the Beijing-Tianjin-Hebei Urban Agglomeration (BTH-UA), the Yangtze River Delta Urban Agglomeration (YRDUA), and the Pearl River Delta Urban Agglomeration (PRDUA), which are the most developed urban agglomerations in China. Meanwhile, the formation mechanism of the housing prices’ association network and spillover effect in urban agglomeration were theoretically analyzed. This paper found that (1) significant aggregation phenomena of housing prices were observed in the urban agglomerations; (2) characteristics of overall and individual networks were dynamically heterogeneous. In the BTHUA and the PRDUA, the associations of housing prices were polarized and sparse, while they were more linked and complex in the YRDUA; (3) polycentric network structure has been demonstrated in the urban agglomerations and the spillover effects of central cities varied in intensity and breadth on responding cities and persisted during the lag period. Accordingly, several policy recommendations have been made.
While the advancement of sustainable agricultural development aligns with the United Nations Sustainable Development Goals (SDGs), it has witnessed lackluster progress globally in recent decades. This study examines China’s pairing assistance policy, executed in Xinjiang since 2010, as a quasi-natural experiment to discern the impacts and underlying mechanisms of the inter-provincial pairing assistance policy on sustainable agricultural development in the beneficiary locale. Employing regression analysis with control methods and a two-way fixed effects model leveraged upon provincial panel data spanning 2007 to 2016, this research reveals that: (1) the inter-provincial pairing assistance policy has markedly enhanced sustainable agricultural development in Xinjiang, demonstrating that a 1% increment in pairing assistance funds correlates with an approximate 0.5% rise in the region’s sustainable agricultural development index; (2) the policy primarily bolsters sustainable agricultural development through the meticulous management of agricultural land resources. The insights derived from this investigation elucidate the effectiveness of China’s policy framework in fostering synchronized and sustainable regional development and offer a valuable reference point for the augmentation of sustainable agricultural practices worldwide.
The development of interpreting research in China has not been steadily paced since 1949 with some years witnessing more rapid growth while others experiencing a slowdown or even a deadlock, and with the last two decades seeing a surge in the number of publications. Since the first review article devoted to interpreting in China in 1990, there have been a number of journal papers reviewing literature on interpreting published over the previous 5 or 10 years, but so far none has given a thorough study on interpreting research since 1949. In order to gain a better understanding of the development trend of interpreting research in China, this study purports to examine a large number of literature (mostly journal articles, other types of literature also included) on interpreting released home and abroad over the past almost 70 years. It loosely divides interpreting research by Chinese scholars into four stages, namely, the early period of sporadic writings (1949–1966), the take-off period (1971–1995), the period of relatively rapid development (1996–2005), and the period of vigorous growth (2006–2017). Through content analysis, the study identifies the major themes, research methods and features of the publications in each stage. While major attention is given to the publications by researchers in China’s mainland, there is also discussion on literature by scholars from Taiwan, Hong Kong and Macao. The weak areas and potential topics for future research are pointed out as well.